By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 8 (MarketsFarm) – ICE Futures canola contracts were stronger Wednesday morning, seeing some follow-through buying interest after Tuesday’s rally as the market continued to correct off of nearby lows. Canada called on China at the World Trade Organization in Geneva to provide evidence of contaminated Canadian canola shipments on […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 7 (MarketsFarm) – Intercontinental Exchange Futures canola contracts were stronger on Tuesday, as the oversold market was due for a bounce. One of the major reasons for the bounce on Tuesday was the reopening of markets in Japan after a week-long holiday. The markets were closed last week to […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 7 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Tuesday, getting an overdue bounce. A major reason for it has been the reopening of Japan’s markets after a week-long holiday, according to a Winnipeg-based trader. By midday, the July contract leapt C$5.50 at C$437.90 per tonne. The […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 7 (MarketsFarm) – ICE Futures canola contracts were stronger Tuesday morning, as the market saw a modest chart-based correction off of its nearby multi-year lows. A softer tone in the Canadian dollar and gains in Chicago Board of Trade soybeans provided additional support, according to participants. Statistics Canada pegged […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 6 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Monday, for a seventh consecutive session of losses. ICE and the Chicago Board of Trade dropped today following a tweet by U.S. President Donald Trump, in that he would hike tariffs on imports from China. Trump accused […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 6 (MarketsFarm) – ICE Futures canola contracts were “holding sturdy” at midday Monday, according to a Winnipeg-based trader as bids have been recovering from losses earlier in the morning. At midday the July contract was up C$1.80 at C$434.40 per tonne. The November contract was up 30 cents at […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 6 (MarketsFarm) – ICE Futures canola contracts were weaker Monday morning, continuing their downward slide of the previous week to hit fresh contract lows for the sixth-straight session. Early losses in the Chicago Board of Trade soy complex put some spillover pressure on canola, as the futures reacted to […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 3 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Friday, as the market continued to lack any supportive news. “The negativity continues,” said a trader on the slow move to fresh contract lows. “The funds are short and there’s no urgency from the buyer,” he added. While […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 3 (MarketsFarm) – ICE Futures canola contracts were down trading in early trade Friday morning, in light volume so far as bids approach levels unseen since December 2014. The July contract was down C$1.80 at C$431.20 per tonne. The November contract lost C$1.70 at C$445.40 per tonne. There continues […] Read more

By Phil Franz-Warkentin, MarketsFarm Winnipeg, May 2 (MarketsFarm) – ICE Futures canola contracts fell to fresh contract lows for the fourth-straight session on Thursday as the market continued to lack any supportive news. Bearish technical signals, Canada’s ongoing trade dispute with China, losses in Chicago Board of Trade soybeans, and a lack of end user […] Read more